Luxury Retreats is a curated luxury vacation rentals company offering a closed network of over 2,800 hand-picked private homes in 90 destinations worldwide. The company provides guests with 24/7 concierge support and employs a team of more than 180 luxury travel experts. Led by founder and CEO Joe Poulin, Luxury Retreats focuses on high-end, hand-selected properties and full-service guest support. It raised $11M in capital in a round led by iNovia Capital with participation from Claridge, Peter Kern and Andrew Lufty. The company plans to use the funds to expand into new markets and improve its offerings and operations in existing markets. Based in Montreal, Canada, Luxury Retreats serves a global set of destinations through its curated network. Luxury Retreats operates a curated marketplace for high-end vacation villas, offering hand-picked and personally vetted properties. The company lists roughly 2,000 villas across 50 destinations (adding 50 more) and provides pre-rental consulting plus post-arrival concierge services. Average nightly rates are about $2,000 net, with commissions in the 20%–30% range. Luxury Retreats reports about $100 million in annual rental revenues and until this raise had been self-funded and profitable. The service targets a less price-sensitive, luxury segment rather than budget short-term rentals. Management is positioning the business for growth, including possible acquisitions and team expansion to scale operations.

Total raised

$16M

Funding rounds

2

Latest round

Series B

Latest activity

Jun 2015